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Which of the following item can be presented on the asset side of the balance sheet of a company?
  • a)
    Sundry debtors of ₹ 93,000
  • b)
    Public deposits of ₹ 2,20,000
  • c)
    Livestock of ₹ 1,20,000
  • d)
    Both(a) and (c)
Correct answer is option 'D'. Can you explain this answer?
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Which of the following item can be presented on the asset side of the ...
Public deposits are long-term borrowings and are non-current liabilities, hence not shown on the assets side of the balance sheet.
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Which of the following item can be presented on the asset side of the ...

Assets on the balance sheet

- Sundry debtors of 93,000: Sundry debtors represent the amounts owed to the company by customers or clients for goods or services provided on credit. This is a valid asset that can be presented on the asset side of the balance sheet.

- Public deposits of 2,20,000: Public deposits refer to funds deposited by the public with the company. These deposits are liabilities of the company and should be shown on the liabilities side of the balance sheet, not as an asset.

- Livestock of 1,20,000: Livestock, or any other physical assets like machinery or equipment, are considered tangible assets and can be presented on the asset side of the balance sheet.

- Conclusion: In this case, option (a) Sundry debtors of 93,000 and option (c) Livestock of 1,20,000 can be presented on the asset side of the balance sheet. Therefore, option (d) Both (a) and (c) is the correct answer as both items are valid assets.
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Which of the following item can be presented on the asset side of the balance sheet of a company?a)Sundry debtors of 93,000b)Public deposits of 2,20,000c)Livestock of 1,20,000d)Both(a) and (c)Correct answer is option 'D'. Can you explain this answer?
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Which of the following item can be presented on the asset side of the balance sheet of a company?a)Sundry debtors of 93,000b)Public deposits of 2,20,000c)Livestock of 1,20,000d)Both(a) and (c)Correct answer is option 'D'. Can you explain this answer? for Class 12 2024 is part of Class 12 preparation. The Question and answers have been prepared according to the Class 12 exam syllabus. Information about Which of the following item can be presented on the asset side of the balance sheet of a company?a)Sundry debtors of 93,000b)Public deposits of 2,20,000c)Livestock of 1,20,000d)Both(a) and (c)Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Class 12 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following item can be presented on the asset side of the balance sheet of a company?a)Sundry debtors of 93,000b)Public deposits of 2,20,000c)Livestock of 1,20,000d)Both(a) and (c)Correct answer is option 'D'. Can you explain this answer?.
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